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Safehold Inc. (SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings.
Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.
The Company, which is taxed as a real estate investment trust (REIT) and is managed by its largest shareholder, iStar Inc., seeks to deliver safe, growing income and long-term capital appreciation to its shareholders.
On October 24th, Safehold reported 3rd Quarter September 2019 earnings of $0.23 per share on revenue of $22.3 million. The consensus earnings estimate was $0.20 per share on revenue of $22.4 million. Revenue grew 91.6% on a year-over-year basis.
Shares of this recent IPO, have formed a bullish "cup and handle." Higher share prices are expected for this stock. The company reports its results on February 13th.
Entry Point: $45.00
Trading Range: $16.53 to $45.42
Stop Loss: $42.00
Target Price: $49.50
SAFE closed at $50.60
